2 Mason Avenue
BOUGHT* - $1,652,000
"It's more of a garden party than an auction" declares auctioneer John Carter as he greets the crowd of onlookers squeezed into the small backyard. He's a real card this guy and must masquerade as the warm up man at comedy nights in his spare time as this auction had it all - laughs, drama, pathos, and all the one liners trotted out from the successful aucti...

Crowd Numbers: 70 people
Bidderman: 5 bidders
 

2 Mason Avenue ELWOOD

Benefits

Higher positional potential for long term growth
Growth above average metro in last decade
Excellent land content as proportion of price
Higher risk as newer precinct
Good area pricing range meaning lower risk on resale

Concerns

Requiring significant additional cash to purchase price
Adjoining properties could be a negative issue
Poor car garaging
Mal James
Mal James
Principal Buyer Advocate
0408 107 988
mal@james.net.au

Comments on 2 Mason Avenue ELWOOD

Rated as need a touch up now and a serious reno later.

I like the PPP's on this one if it goes circa $1.5m

Position: Close to everything and beachside of main highway - one way street. Flats to rear are well disguised by Palm - leave it.

Property: Look it needs work but its liveable with some TLC now and then take the back off and go up as well. North light - flat block - go in from side as in orignal design and get another room back - small car only - but you can't have everything.

Price: At $3000 persqm for land a a small amount for the home - its doing it for me if you are an entry level buyer, with aspirations to improve as cash flow does. The area would sustain a near $2m sale for a smart version of this now - so you are not overcapitalising in the future.

The question for you from me - Do you like it? Does it pass the first impression, gut and sleep tests!!

 


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4
Bedroom
1
Bathroom
2
Parkings
461sqm
Land Area
Floor Plan Agent

Sold - 1:30 PM Sep 12 2015

Quote $1,200,000 - $1,300,000

Full James Rating Sheet

Be with James

Would you like to talk to us about finding or negotiating on your next home?
We buy 100 homes for our clients every year.
We buy Inner East and Bayside over $2m.